James W. Powell, President and Director, Peoples National Bank, Niceville, FL

OCC EA # 2015-093

"The Comptroller hereby finds, and Respondent neither admits nor denies, that Respondent failed to establish and adhere to adequate policies and procedures addressing issues including, but not limited to, loan risk rating systems, investment purchases, interest rate risk, and appraisals in compliance with 12 C.F.R. Part 34, Subpart C, which resulted in the Board’s failure to achieve compliance with the Consent Order dated May 11, 2011.